Accountability Matters

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Accountability Matters : 

Accountability Matters by Kuralay Baibatyrova

WHAT? : 

WHAT? the obligation to report on organization’s activities to a set of legitimate authorities multiple stakeholders local, state, federal agencies volunteers program recipients public at large

HOW? : 

HOW? Step 1. Develop a Culture of Accountability and Transparency

HOW? : 

HOW? Step 2. Adopt Code of Ethics

HOW? : 

HOW? Step 3. Adopt a Conflict of Interest Policy - define conflict of interest - specify the persons who will be covered by the policy - require regular disclosure of information related to conflict of interest - specify procedures for handling potential or actual conflicts of interest when they arise http://www.irs.gov/instructions/i1023/ar03.html

HOW? : 

HOW? Step 4. Ensure that the Board of Directors Understands Financial Responsibilities

HOW? : 

HOW? Step 5. Conduct Independent Financial Reviews

HOW? : 

HOW? Step 5. Conduct Independent Financial Reviews Audit, Review, or Compilation? + => audit

HOW? : 

HOW? Step 5. Conduct Independent Financial Reviews Audit, Review, or Compilation? Certified Public Accountant (CPA) General Accepted Accounting Principles (GAAP) SOX – Sarbanes-Oxley Act (SOX)

HOW? : 

HOW? Step 5. Conduct Independent Financial Reviews Audit, Review, or Compilation? + => review

HOW? : 

HOW? Step 5. Conduct Independent Financial Reviews Audit, Review, or Compilation? => compilation

HOW? : 

HOW? Step 6. Ensure the Accuracy of Form 990

HOW? : 

HOW? Step 7. Be Transparent

HOW? : 

HOW? ?Vision and mission statements; ?Statement of values and code of ethics; ?Conflict of interest policy; ?Form 990 or 990-PF, with all parts and schedules ?Most recent audited financial statements; ?Information on programs and impact of your work; Step 7. Be Transparent ?Information on evaluation procedures for assessing ?List of board members and officers, and staff; ?List of contributors ?Form 1023 (the organization’s original application for recognition of tax-exempt status); ?Bylaws or charter documents; and ?Other relevant policies and documents.

HOW? : 

HOW? Step 8. Establish and Support a Policy on Reporting Suspected Misconduct or Malfeasance

HOW? : 

HOW? Step 9. Remain Current with the Law

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